The best mortgage deals after divorce.
Achieving lender's best mortgage deals after divorce can be challenging, however with Deal Direct a new mortgage deal can be found.
Dividing a mortgage mid term may be problematic as one partner may be left with repayments they cannot afford.
To transfer equity lenders require a property valuation and then they review whether the new mortgage situation fits required affordability criteria.
Sometimes one partner buying out the other, means the person left with the mortgage may be on a smaller income but will have the same level of borrowing. Sometimes in this circumstance lenders can take a different view with their affordability assessment. However, all in all it can sometimes be difficult to meet lenders criteria which can lead to the sale of the marital home.
Many home-owners are reluctant to sell in a depressed market and as lending criteria tightens it is getting more difficult to source lenders best mortgage deals.
For divorcees in this situation the best course of action is to approach Deal Direct to find a competitive remortgage solution. If you are divorcing we recommend that you contact one of our skilled advisers as soon as possible.
Here at Deal Direct we will search for a tailor made solution for you. We appreciate the level of stress that can be attached to a divorce and therefore we will work on your behalf to source the best mortgage deals currently available.
